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Jonas Has a Group of Friends in a Social Networking

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Jonas has a group of friends in a social networking site.When any of his friends are on vacation in a foreign country and post pictures on the site,he feels bad about himself.To measure up to his friends,he often borrows money to take such vacations.Which of the following psychological phenomena is exemplified in this scenario?


Definitions:

Downward Pressure

Forces or factors that lead to a decrease in prices, wages, or other economic indicators.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to promote peace, stability, and economic cooperation among its members.

Capital Mobility

The ease with which capital or investments can move across borders in response to differences in return or risk, impacting global trade and investment decisions.

Common Labor Laws

Laws that regulate the legal obligations between employers and workers, including wages, working hours, safety, and rights to organize.

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